Improving Carbon Disclosure

Climate change is increasingly recognized as a material risk for companies and one which on investors are seeking improved disclosure.

Climate change now features strongly in the G3 Guidelines, with the addition of the new core indicator:

          EC2: Financial implications due to climate change.

Soon to be released collaborative research by the GRI and KPMG Sustainability summarizes current practices on reporting and climate change, and questions how organizations are currently responding to this issue.

Reflecting growing interest in the topic, the GRI-KPMG research provides new insights into the challenge of reporting on the implications of climate change. It is just one of the many initiatives currently underway to improve the quality of carbon disclosure. Examples of other initiatives are the Carbon Disclosure Project and CERES’ CRDI, with whom the GRI enjoys collaborating.

The GRI welcomes growing interest and activities related to climate change reporting and are working in a collaborative manner with other initiatives on improving disclosure and encouraging more reporting on this important topic.